Blackbird Plc (OTCMKTS: BBRDF) is moving in a range after announcing that Her Majesty The Queen has authorized the Prime Minister’s suggestion that the tech licensor, developer and supplier of cloud-native video editing solution, Blackbird, be awarded the Queen’s Award for Enterprise for International Trade 2022.
Market Reaction
On Thursday, BBRDF stock ended flat at $0.23 with more than 1K shares, compared to its average volume of 628 shares. The stock moved within a range of $0.2300 – 0.2300 after opening trade at $0.23.
Blackbird wins a Queen’s Award for Enterprise 2022
Over the last three years, the firm’s foreign sales have increased by 314 %, accounting for more than 70% of overall sales. North America is the global leader in media trends in technology and cloud usage, so the fact that a creative UK tech firm is penetrating the American market is extremely amazing.
CEO Ian McDonough said they are honoured to win the coveted Queen’s Award for Enterprise. He added that the global tech sector had been a preserve of US firms, and for a UK challenger to break into the North American media market, they are proud of it. So BBRDF is worth watching in the coming weeks.
Key Quote
Blackbird CEO, Ian McDonough, said: “We are incredibly honoured to be the winner of a coveted Queen’s Award for Enterprise. The global technology industry is generally assumed to be the preserve of large US companies and so for a British challenger brand to break into the US media market, with customers such as the NHL, Cheddar News, Univision and the US State Department amongst others, is something we are very proud of at Blackbird. Our patented technology that dramatically improves speed, cost efficiency and user experience in the production process is proving a winning formula where there is pressure on these areas from all sides. The technology has also been proven to be compellingly sustainable when measured alongside our competitors’ carbon footprints.”
